LOS
ANGELES and DETROIT,
July 11,
2023 /PRNewswire/ -- B. Riley Financial,
Inc. (Nasdaq: RILY) ("B. Riley"), a diversified financial
services platform, today announced it has acquired Crawford
& Winiarski, a boutique forensic accounting and litigation
consulting firm based in Detroit,
Michigan.
B. Riley Financial has acquired
Detroit-based forensic accounting
and litigation consulting firm, Crawford & Winiarski
Established in 2002, Crawford & Winiarski specializes in
assisting with business disputes, fraud
investigations, damages analyses, corporate insolvency matters, and
representations and warranties insurance (RWI) claims analyses. The
firm serves a broad range of industries with a focus on the
automotive and automotive components industries including closely
held businesses, major vehicle manufacturers, component suppliers,
and publicly traded companies.
Crawford & Winiarski's professionals bring deep expertise in
accounting, financial and economic analyses and significant expert
witness testimony experience. This highly skilled team, including
founding members Rod Crawford
and Bob Winiarski, joins B.
Riley Advisory Services, establishing a dedicated Litigation
Support and Forensic Accounting practice in Detroit.
Ian Ratner, co-CEO of B. Riley
Advisory Services, commented, "This addition reflects our
continued investment to strategically grow our financial consulting
business with highly qualified and talented professionals who can
deliver best-in-class service to our clients. We are pleased to
welcome the Crawford & Winiarski team to B. Riley and look
forward to building on our established leadership in forensic
accounting and litigation consulting in the Midwest."
Rod Crawford commented:
"For over 20 years, we have demonstrated our commitment to provide
exceptional service by helping resolve complex business problems
efficiently and effectively. Joining B. Riley offers our team and
clients access to a broader suite of financial services to expand
on the world-class service that our clients have come to
expect."
Bob Winiarski added: "B.
Riley has had a strong track record serving as a trusted resource
to corporate leaders and law firms on a range of critical business
matters. We look forward to contributing to the firm's continued
success."
The addition of Crawford & Winiarski is the latest in a
series of strategic acquisitions by B. Riley to expand its
financial consulting division. Financial terms of the transaction
were not disclosed.
About Crawford & Winiarski
Established in 2002,
Crawford & Winiarski is a public accounting and financial
consulting firm specializing in providing accounting, financial and
economic consulting, and damages analysis services in connection
with commercial disputes, financial fraud
investigations, business valuations, and corporate insolvencies.
Crawford & Winiarski also provides consulting services in
connection with data management, transactional database analysis
projects and the analysis of representations and warranties
insurance claims. For more information, visit
www.candwfinancial.com.
About B. Riley Advisory Services
B. Riley Advisory
Services is a leading provider of specialty business advisory
services that works with law firms, lenders, private equity
sponsors, and companies of all types on business challenges such as
planning and executing a major acquisition or divestiture, pursuing
a fraud investigation or corporate litigation, or
managing through a business crisis or bankruptcy. B. Riley offers a
unique mix of appraisal services including asset-based lending
(ABL) valuations, restructuring and turnaround management, forensic
accounting and litigation support, and transaction support services
including due diligence and quality of earnings reviews. For more
information, visit www.brileyadvisoryservices.com.
About B. Riley Financial, Inc.
B. Riley Financial
(Nasdaq: RILY) is a diversified financial services platform that
delivers tailored solutions to meet the strategic, operational, and
capital needs of its clients and partners. We leverage
cross-disciplinary expertise and resources of our affiliated
subsidiaries to provide end-to-end, collaborative financial
services spanning investment banking, brokerage, wealth and
investment management, business advisory, valuation, and asset
disposition services. On a principal basis, B. Riley
opportunistically invests to benefit its shareholders. Certain
affiliates originate and underwrite senior secured loans for
asset-rich companies. Founded in 1997, B. Riley is headquartered in
Los Angeles with more than 2,000
affiliated personnel. Learn more at www.brileyfin.com.
B. Riley refers to B. Riley Financial, Inc. and/or one or more
of its subsidiaries or affiliates.
Media Contact
Jo Anne
McCusker
B. Riley Financial
press@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Financial